Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.0% APRpaid last 24h −0.004%

Price spread now: Binance against Lighter−0.146%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.146%, 7d avg −0.110%

Together, before fees−0.136%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.036% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.110%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7402	0.0096	pay 0.0012% / 1h	30m 28s	$59.6M	$29.9M	5x
Short	Binance LITUSDT	4.7333	0.0086	get 0.0043% / 4h	30m 28s	$75.4M	$81.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BinancebpOrdersPrice spread, now −0.146%Rate

Funding earned: −$2
Price spread: −0.146% → −0.110%: −$3.57
Slippage, 4 orders: −$23.18
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.75
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Binance: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 4 min ago	0.10 bp	2.7 bp −$3	12.2 bp −$122	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.32 bp	12.0 bp −$12	30.9 bp −$309	doesn't fit	doesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0886%	4h	4.7380	−0.046%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0836%	1h	4.7384	−0.038%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0589%	4h	4.7304	−0.207%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7302	−0.211%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0415%	4h	4.7360	−0.089%	$25.7M	$63.7M	50x	as long as short
Phemex LITUSDT	−0.0375%	4h	4.7350	−0.110%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0340%	1h	4.7353	−0.103%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0218%	4h	4.7403	+0.002%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.435%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0112%	4h	4.7390	−0.025%	$901K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0058%	4h	4.7360	−0.089%	$42.7M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7461	+0.124%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7372	−0.063%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7377	−0.052%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7398	−0.008%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7397	−0.011%	$816K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0021%	8h	4.7308	−0.198%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.346%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0083%	4h	4.7384	−0.039%	$288K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0086%	4h	4.7329	−0.154%	$5.5M	$4.1M	100x	as long as short
Binance LITUSDTshort	+0.0086%	4h	4.7333	−0.146%	$75.4M	$81.5M	75x
Aevo LIT-PERP	+0.0088%	1h	4.7368	−0.072%	$148K	$44K	3x	as long as short
Lighter LITlong	+0.0096%	1h	4.7402	long leg	$59.6M	$29.9M	5x
Nado LIT-PERP	+0.0100%	1h	4.7345	−0.120%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7402	0.000%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7345	−0.120%	$589K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7359	−0.091%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.103%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7380	−0.046%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7407	+0.011%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7370	−0.068%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7376	−0.055%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7418	+0.035%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7429	+0.057%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7398	−0.008%	$987	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.086%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7344	−0.123%	$5.2M	$5.1M	25x	as long as short
Aftermath Perps LITUSD	+0.0152%	1h	4.7501	+0.210%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7398	−0.008%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0211%	1h	4.7449	+0.099%	$212.8M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0326%	4h	4.7352	−0.105%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7388	−0.030%	$62K	—	50x	as long as short